Invitation Homes is currently trading at a stock price that reflects a discount to its net asset value (NAV), indicating that the market perceives the value of its future cash flows to be less than the underlying value of the homes it owns. The episode highlights the dynamic between asset prices, cash flows, and investor perceptions, emphasizing that while the current NAV versus stock price situation is interesting, it may not be alarming for potential investors.

Links referenced in this episode:

• scholasticcapital.com

Companies mentioned in this episode:

• Invitation Homes
• Scholastic Capital